940 County Road E presents a unique value-add investment opportunity for buyers seeking a distressed property with strong redevelopment potential. The property consists of an approximately 11,000 square foot former schoolhouse situated on 1.05 acres and zoned General Commercial, offering flexibility for a variety of adaptive reuse concepts. The existing structure features eight classrooms ranging from approximately 500–900+ square feet, along with a large gymnasium currently used as a gymnastics facility. The building layout and scale provide an excellent foundation for conversion to multi-unit residential housing, a sports or recreational facility, or other creative commercial uses, subject to zoning and municipal approvals. The property is served by full municipal utilities, including water, sewer, gas, and electric, reducing upfront infrastructure costs and supporting higher-density redevelopment. Additional site improvements include paved parking with 20+ on-site parking stalls and direct frontage along County Highway E, offering convenient access and visibility. The building is in distressed condition and will require considerable repairs, making it well-suited for investors pursuing a rehabilitation or repositioning strategy. Asbestos abatement was completed in the late 1980s, providing additional clarity for future renovation planning (buyer to verify). Located in a rural setting with highway access, the property offers a balance of privacy and accessibility, supporting residential, recreational, or community-oriented end uses. With strong physical presence, existing utility connections, and flexible zoning, 940 County Road E represents a compelling opportunity for investors seeking a redevelopment project with multiple paths to value creation.